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tv   The Willis Report  FOX Business  October 4, 2012 6:00pm-7:00pm EDT

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probably from the bull moose party. melissa: we're now really off the rails. learn something new every night. thanks so much for joining us. that is all the "money" we have for you today. i will probably save the post office again tomorrow. "the willis report" is coming up next
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>> it couldn't have been mitt romney. gerri: with more on this, fox news contributor, doug, starting with you. i was blown awe with this debate. nothing that i expected, did mitt romney win the debate or obama lose the beabt? >> both. i thought the president was unfocused, he was, at times, not clear in the answers, but governor romney showed me during a side of the personality not seen before. he was likable, yes, but decisive, clear, and he moved to the center appealing to inexcellents and moderates. gerri: showing up in the numbers too. steven, you were on hand for for
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obama today, what did they say? >> they took 12 hours to figure out what the spin was because it was not ready last night. they were late getting to the spin room last night in denver. they settled on a line which was mitt romney might have looked good and sounded good, but everything said was false. he was lying one after another after another. what was interesting on the conference calls, they didn't give much supporting evidence. it's one thing to make the claim, but another to support it in a way to convince the people you're listening to. president obama might be able to do that on the campaign trail talking to partisan democratic audiences, but not much on the conference call today suggesting he's ready to support that claim. gerri: all spin going on today. al gore had this to stay "obama arrived in denver 2 p.m. before the debate started, and romney did the debate prep in denver.
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when you go to 5,000 feet with a few hours to adjust -- >> i'm prepared for al gore at altitude for the presidential debate in 1996, and the issue is not the altitude, but the preparation. the president wasn't prepared to deal with an assertive and aggressive mitt myth. that's for sure. gerri, in the white house, the president doesn't get confronted. we saw evidence of what you saw before, four years of acquiescence by a staff that arguably didn't challenge the president enough. gerri: following up on that, you didn't tell gore to charge george bush, did you? >> absolutely not. gerri: good to know. you said you prepped clinton, and he had a different way of going about this. >> my partner, mack penn and i, handled the messages, and bill
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clinton wanted to be challenged. he wanted people to take positions so he would stimulate and simulate what debates were like. i don't have a sense this president is necessarily operating in the same fashion. gerri: as you look at this, we have a poll here, winners of last night debates, among uncommitted voters, 46%, only 22% liked obama's performance. does that -- a, does that surprise you? b, what other fallout from the debate? romney attract more money? what's going on? >> it surprises me that that many people thought the president did well. you know, polls show the president's 20 some odd percent of people thought the president won the debate. i don't know who they are unless they are democratic supporters of the president who support him no matter what he said. there's a different take than what doug offered in the
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argument. there's no question he had several points in the debate, sort of nodding towards the center or talked about the importance of bipartisanship when he was governor of massachusetts, but i thought the thing that distinguished governor romney, and he did well because he was bold and aggressive, not just in terms of the tone, but in terms of the substance. remember, there was one point at which jim lehrer asked the candidates to talk about entitlement reform, a substantive exchange, and president obama wanted to move on. mitt romney, twice, said can we go back to medicare. i mean, that is -- think about if i said that to you six months ago, nobody in the world would have believed that the republican challenger to president obama wanted to focus the debate on entitlement reform. he did that on several tricky issues that suggested an aggressiveness and substance as well as tone. gerri: he was explicit about the debt and growth of the debt.
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here's mitt romney. >> president said he'd cut the deficit in half. unfortunately, he doubled it. trillion dollar deficits for the last four years. he's put in as much debt held by the public as all prior presidents combined. gerri: those are killer numbers. we leek at the number -- look at the numbers every day, the amount of people make, about the same, we can't pay this off. that was particularly -- >> well, it's an effective attack line. the problem is what mitt romney has to explain how you cut taxes, try to reign in spending, promote growth in some abstract way, and pay off the debt and the deficit. it's difficult to do. i don't think mitt romney had much in the way of specificity other than to steve's appointment, backing away from the $5 trillion tax cut the president said he's proposed. i think there's a lot of unanswered questions still for governor romney.
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gerri: steven, do you believe that? the $5 trillion issue, you know, the president says every single day on the campaign trail that mitt romney will raise taxes on the middle class. was that sufficiently answered? >> i think it was. i thought that was the weakest point for mitt romney, the first two minutes where he backed away from the things he argued or not campaign trail and almost apologetic he's offering a tax cut. embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the director who came up with the original study that found that was going to result in a middle class tax
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hike and said, in fact, no, it doesn't mean there's a mitt l class tax hike, a significant reversal suggesting the obama camp is not on solid ground making the claim. gerri: one possible explanation. bob woodward said, wow, you know what might have happened? the president got bad foreign affairs information before the debate. doug, are you buying that? >> not at all. presidents compartmentalize, the correspondent's dinner, the president told joke and the next day, a successful raid on bin laden. gerri: no excuses? >> no excuses. gerri: thank you so much. great job as always. >> thank you. >> thanks, gerri. gerri: last night's debate was conversational more than expected and there were zingers, our top picks of the best. number five --
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>> obamacare is on the list. i use that term with all respect. >> i like it. >> okay, good. gerri: we're fond of that too, but not for the same reason as you. number four -- >> i'll stop the subsidy to pbs. i like big bird. gerri: making big bird a star with saturday night live, jimmy fallon, all trying to book the star. his people saying he's not talking to the media. we were turned down by big bird. it's appalling. number three -- >> and at some point, i think the american people have to ask themselves is the reason that governor romney is keeping all of these plans to replace secret because they are too good? gerri: romney is planning to give a number of policy speeches filling in the details that obama says are missing. here's number two. >> don't forget, you put $90
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billion, like 50 years worth, of breaks into solar and wind to solyndra and fisker. you just don't e pick the winners 5e7 losers, but just the losers. gerri: that was my favorite. he said that would have hired 2 million teachers. first, the number one most memorable line is this -- >> mr. president, your entitled as a president to your own airplane and house, but not your own facts. gerri: that's a zinger. no wonder romney was the winner. still to come, the opening statements, energy was already on the table, one of the leading voices on energy. >> my plan is five basic parts. get us north american energy independent creating 4 # -- 4 million jobs. gerri: we have the leading voices in industry coming up.
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stay with us. ♪
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gerri: president obama paying his dues for his less than but how much was blame goes to the stuff he doesn't say that he does? let's ask tonya, a body language expert. i'm excited about the conversation. what did you make of the debate? had to be a field day for you? >> you know, it's not way we were used to seeing with president obama. he was flat. he was frustrated i guess is the right word. looked down a lot. overall, he did okay. i wouldn't say he was bombed, but romney definitely did better. he was stronger. gerri: start at the beginning. at the beginning of the beginning and the handshake. pictures here. what do you think? >> the handshake was great. look how much swagger obama has here, feels powerful, petting romney on the male demonstrating
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he's the alpha. you don't see romney doing that to obama. you can see president obama's hand, and he looks powerful. in 2008, it's the same handshake with john mccain. i'm the power man, and then the debate started. gerri: all right. we are showing this in slow motion to really get a sense. >> the way it works, those who extend their hand first is more powerful. in the debates, people come out arm extended before they have -- gerri: because they have been coached. >> exactly. gerri: at the end of the debate, romney gives a closing statement, and it seems like he knows i took this. >> oh, i thought you were going to show it. gerri: we don't have a sound; right? hello? james? >> when you watch that, you'd laugh. he's bouncing up and down, and
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when you do that, it's to take up space. i thought it was humorous. watch him bounce. as he speaks, he's bouncing. the shoulders up, and now if you watch that in fast forward, it's humorous. this is him saying, hey, i did great, i took this. gerri: i'm proud, confident. romney looks at the president the whole time. >> yes. gerri: having a conversation with the president. the president is looking all over the room, jim lehrer, you name it. >> that's his way of disagreeing when he does that. he just doesn't think you deserve the eye contact, and he doesn't give it to you. he looks down instead. what happens is he's perceived of being weaker than romney. romney gave eye contact. he was more aggressive nan obama was. in in situation, especially, president obama should have lifted the face up and given him face time, but he chose to -- gerri: what about the audience though. >> he did. he spoke into the camera.
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you look into a camera, and you talk to them. he did that. he just didn't do it enough. gerri: lrpt. republican national committee came out with this, what they call the smirk. i want to show it to you. this is fascinating. listen to this. we're having a few issues. >> i'll talk about it. i know what you're talking about. it's interesting that they would call that the smirk because romney -- gerri: right there. >> yes, romney's the one famous for the smirk. it's like they are trying to turn the tails saying, look what obama did now. he does smirk, but his smirk is a tightening of the mouth, his way of saying i don't agree with you, and roleny keeps that smirk on the face all the time. both need to work on the neutral expression. that means what do i look like when the other person is speaking so i don't look frustrated or angry. gerri: what are you supposed to do? >> a natural expression, rather than the jaw tensioned up, just
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have a neutral expression like you are listening. gerri: i like the blink rates. >> typically, what happens when we are anxious, fight or flight kicks in, we blink, get emotionally aroused if you will. the regular rate is anywhere from 17-20 blinks per minute. on tv, upwards of the 40-50 times. once we feel pressure, it goes up in in the debates, obama blinked more than romney did in this situation, but that's the first debate. romney blinks less overall. gerri: yes. i've seen numbers on that. the things they keep track of is unbelievable. >> well, in 2008, john mccain, i think, his average was 102 if i read the report correctly. gerri: that's a lot. >> that's a lot. 102 blinks a minute is a lot. gerri: all right. we have to leave it there. i hope you come back. >> yes. gerri: it's fascinating. i know you had a good time. >> yeah, it was interesting. gerri: thank you so much.
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>> thank you. gerri: looking at social media, romney: was the clear winner this as well. according to a web firm, there were 47,000 tweets mentioning romney and the words "win" or "winner," and twitter says the debate was the most tweeted about political event, well, event, in political history. the commonly searched terms for simpson-bowles and dodd frank, but big birth -- big bird won. we want to know what you think. here's the question tonight. it's critically important. not who was the winner. that's widely assumed to be romney. who was the biggest loser? president obama, jim lehrer, or big bird? vote on the right hand side of the screen, and i'll share the results at the end of the show. >> coming up, obama and romney wasted no time trading jabs on
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energy last night. >> we have to look at the energy source of the future. >> one year, you provided $90 billion in breaks to the green energy world. >> who has the right fuel to boost the economy? dr. yurgin weighs in next. hit hard by the recession, but an organization is helping the returning heros find work. we'll hear from the war fighters foundation later. also, will a t-mobile and pcs merger give our carriers a run for the money? we'll find out what it means for your bottom line. we're on the case next on "the willis report."♪ ♪ ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪
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gerri: obama's green energy fiasco on center stage, but will it stay there? plus, which candidate's energy policy is best for america?
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gerri: energy policy a big conversation at the debate, but the next guest says we could be seeing a new world order when it comes to energy, and it has nothing to do with politicians. joining me now with more, the vice chairman of the ihs, and the author of a book to check out "the quest energy security and the remaking of the modern world." welcome back to the show. great to have you here. you know -- >> thank you gerri: you write thanks to hydraulic fracturing and deep water technology, the u.s. is pumping more oil than it has in a decade. tell us about that and how significant is it? >> well, it's extraordinary what happened both on natural gays and now on oil. our oil production is up 25% since the last time we had a presidential election, which was in 2008, and the growth of that oil production has not only, as long as the gas, but economic significance for jobs, but
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geopolitical significance because the amount of oil increased has been one element enailed us to put sanctions on iranian oil exports, clearly having a very big impact in iran today. gerri: you know, you're talking about the last presidential election how it was not a big deal, but is this time, part of the conversation, and at the end of the day, americans say romney will be better for gas prices. 46% to 39% for obamament can the president, himself, drive gas prices? >> i think that's, you know, i think that's the thing. whoever's president finds that gasoline prices go up or down, they don't have 5 lot of levers to make them go in the other direction because the price of gasoline is very much affected by weather china's growing or not or how hot the tensions are with iran or not. the frustrations of the white house, whoever is in charge, is what we can do about it. gerri: not that long ago we felt
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like we were running out of oil, it was done, but since then, production up 25%. who is responsible for this? who do we create with that? >> i think this is the private sector. this is -- it's in a lot of cases, it's really very entrepreneurial individuals who took risk, initiatives, who saw things differently as a man in houston named george p. mitchell, herald hamms another one, but said when there was not a way to get gas out of shale rock, george mitchell spent 15 years trying to find a way, and he found it. now, just the chinese are fascinating following details about what's happening with shale gas in the united states. gerri: talk about the impact here. a million jobs created here because of the new technology, and, yet, steams to me, the policy of this government right now is to shut this down. is that a bad thing for the
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country to do? to cut shut down shale oil production? >> i think what we've seen is a turning here over the last several years, and the obama administration, i mean, last night, he, you know, said oil and gas increased under my watch, which is true, a lot is private initiative, so i think the administration, because of the job aspect of it, because of the economic development aspect, because of what it does to american competitiveness, he's come around to a position to be broadly supportive, differently from romney, but in a way that, you know, some of it -- their own supporters of the administration haven't liked. i mean there's clear differences like the keystone pipeline one area of a very sharp difference. gerri: i want to bring up green energy for a second, spending $90 billion on companies. these a taxpayer dollars, not private sector dollars.
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is it worth it? >> i think that when you look at the growth that's going to be out there in terms of energy demand, it makes sense to diversify. i think the lesson of the last few years is government has a clear role in terms of research and development, bringing technologies, but when the government tries to be a private equity investor, a venture capital investor, they get on shaky ground as we've seen because the economy changes and suddenly businesses that looked like bright ideas are not so bright ideas, and that's what's happening now in the continuing downturn. gerri: well -- >> there's a role where government belongs, and there's a role where government's on shaky ground. gerri: we are there right now. the president's green energy picks are bankrupt. daniel, thank you. there's the full screen there. take a look at that. that's not a track record to be proud of. daniel, we appreciate the time. hope to see you again soon. >> good to see you, thanks a
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lot. gerri: a one-stop shop son line from books to gifts, and now loans? a new business venture from amazon.com, and helping heros after they served the country. a great new project. you want to hear about this. stay tuned when "the willis report" comes right back. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity.
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gerri: from war to wall street. the you think employment rate for u.s. veterans hit a 3-year low, thanks, in part, to both organizations and companies that help vets find jobs. the next two guests happen to work for one of those companies,
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and joining me now, u.s. veteran, cfo of drextel hamilton, and james kayhill, president of hamilton. welcome to you both. great to have you here. kal, starting with you, tell me your service satisfactory and how you came -- story, and how you came to work for the company. >> i wish it was more impressive. gerri: don't say that. it is impressive. i heard it. >> everyone has their 9/11 story. my brought me to the boss' office, and i asked to go forward in combat. i'm one of many who did that. gerri: stop being -- you're a graduate of the u.s. naval academy, you have an incredibly impressive record, and, james, talk. everybody knows you as a long time veteran in long street, cast a long shadow. tell us about the program and why you are so interested in having vets, particularly disabled vets involved. >> sure. well, as you just said, i had a
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long history in wall street, working with some of the best people in the industry for many years, and i have taken away those attributes i thought were important, and we were trying to help these people from a distance, and about a year and a half ago, lawrence stall, who set it up with general pace, first marine come daunt to be elected president joint chiefs of staff, asked me to come in, run it, and help. we've been blessed because i've got calls from so many people in wall street saying, jimmy, i love what you're doing. i'm in. let's go. let's train these people to have careers as we had. the people that call me are younger than i. i'm the dinosaur here, but they are young people that have been successful in the industry. what we do is we have a veteran with a veteran, a wall street veteran with a veteran and mentorship. the goal is to add value to clients. these are very, very proud people. they could take money from the government -- gerri: and capable.
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>> extremely. as a matter of fact, the word on wall street is they want the best and brighter. i tell you now, i have 13 veterans, wounded in battle. they are the best, and they are very bright. gerri: let me tell you, this san emotional segment because it means so much, not just to the vets, but other people as well. kal, talk about war fighters, the group who trains, and tell us how this works. >> it's an amazing prasm. the non-profit organization participates in an associate training program equipping disabledded veterans with a basic skill set to get placed in the industry; right? gerri: a stipend? >> they provide a stipend, housing and it's magazine what the program does. gerri: generates people going into the wall street, trained, and know what to do. >> that's right. starting the journey of not just getting a job, but developing a career. gerri: that's great.
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>> we have the goal of getting the best jobs in wall street, not necessarily with our firm. we work for the biggest and best firms in the industry, and we want to introduce the people to them so they get the best opportunity in the industry. gerri: i want to talk about jerry, and i hope you'll help me here. >> amazing. gerri: tell me about him. >> amazing. you know, jerry's story is like so many through the program who tell the story. he's an individual, the only investment i've known jerry to be picked out by the taliban by name and have a hit put on him. posters of his name throughout the town. they ultimately did hit him. this young man came back, you know, through the burn center in san antonio, an amazing center. ultimately, suffering very significant injuries, some of the pictures, i hope may have been posted, one of them is a picture of jeer rereceiving his purple heart from -- i get chills when i think about it -- from president bush back in
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2005. he was a patient then; right? at the mercy of those that would provide for him. really needing their care, and then just last week, had the opportunity, the privilege, of watching jerry interface again with general -- president bush rather; right? now is a professional, standing on two feet as a professional, earning his living, not living off the government. that's the program. gerri: there's the picture. >> proud to call him a colleague of ours. he is developed a career and a skill set, and he's doing a lot of great work for us. gerri: ben downing, fred, and others here in the program working for you. >> can i speak to ben? gerri: sure. >> ben is an african-american boy, 6'3, called back to afghanistan, and there he is in harm's way, and he asked, jimmy, please don't have anybody in my chair. we told him we would not have
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anybody in the chair. we have a flag with a star on it saying we have somebody in afghanistan serving the country. gerri: impressive. where can people go to help? >> come to the firm. more importantly, give us, an as organization, the chance to earn business, and that's all we want, is the opportunity through our own excellence to earn the capacity to per pitch wait the mission. gerri: thank you so muc for coming on today. we can go on and on. fascinating program. congratulations to both of you. great stuff. >> thanks. >> thank you for having us. thank you to all the people in the industry that helped the mission and adopt help it. the goal is to have 50 people in the employees and own a piece of the business. gerri: good stuff. ownership is everything. >> that's right. gerri: thanks, guys. >> thank you. gerri: majority of stock trades in the u.s. not made by humans, but high speed computers. in the time it takes you to blink, the computer sells securities at any given time. that's high frequency trading, a
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topic we cover extensively here on "the willis report," and many call for the securities and exchange commission to agent now to protect you, the one with the 401(k), the college savings plan. you remember the flash crash of 2010? sending the dow plunging a thousand points in minutes or night capital losing $440 million in one trading glitch. frightening stuff. the biggest issue here is not a single company losing hundreds of millions of dollars, the loss of confidence is causes among small investors, and a recent poll found only 15 #% have faith in the markets, and, yesterday, a new case, equally disturbing involving dark pools, the private stock exchanges that exist out of the public limelight where the majority of trading is done. one of the pool operators, ebx of boston, fined regular latedders for allowing the back office operator of the pool access to details of customer orders. i mean, details here.
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by orders, sell orders, just the thing to be used to make a mint. the owner of the firm behind the dark pool? citi group. the pool itself? biggest operates in the country. bank of merng, fidelity, credit swiss, and it's possible, although we don't know for sure, that your mutual fund trade might have been impacted by this cheating. ebx agreed to pay an $800,000 fine for failing to protect trading information. it's not enough. regulators have to step in, reign in abuses once and for all. the industry needs to get the agent together. not only is high frequency trading putting your money at risk, but the global financial system. details of major acquisition in the works that could change the landscape of the cell phone world. next, changing the look of the banking world. how the internet's number one retailers is getting into the lening business, and how you can cash in. ♪ so anyway, i've been to a lot of places.
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you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep?
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gerri: a.m.son.com is adding a new service, but the new service is banking. if you sell goods on their website, its lending program gives you cash needed to expand your business. is amazon the best way to go? joining me is founder and ceo of merchant, helping companies expand op line. irk, thank you for being with us. i was blown away. tell us how it works and what's the motivation for amazon to lend? >> sure. well, in retail, of course, cash
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is king. it can be expensive and hard to come by, and that's true most of all during the holiday season, november through january, when most retailers generate more than half of the total annual sales. amazon launched this program, and effectively, it provides that retailer, third party sellers promoting and selling products through the amazon website, with access to incremental cash, of course, allowing them to buy and ultimately turn around and sell access invenn story. gerri: so, eric, is this amazon stepping into a vacuum left by banks who, you know, famous now for not lending to homeowners or small business? >> well, i think the old add general age, in banking, pocket are deep, arms are short, can be true in retail in particular. you know, retail is inherently -- can be a risking business, and among the third
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party sellers, many of the merchants promoting and selling products through the website are the classic entrepreneurial small business owners. for them, a traditional banking relationship may not fit the bill looking for ways of accessing inventory. >> take a look at the products out there, and i think one of the most interesting things to really focus in on is the interest rate comparison. amazon charging 1% to 14%. small business credit cards, 13% to 19% on average. how can they do that, and in your mind, is that -- is that a great deal? >> yeah, so amazon has a number of important incentives at play here. first of all, 41% of amazon's total unit sales are driven by the third party sellers, a case where amazon does not take inventory or risk, but benefit from the commissions earned on the sale of the product. by providing a lower cost lending instrument to the
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sellers, not only are they driving more sales through their website, but they are also generating margin on the fees they charge, and they are lending the money to sellers that already have an existing relationship with amazon so the credit risk, inherent ly, you would think is lower than a typical bank. gerri: that was the thing that blew me away. the number that got the segment on the air, frankly, is that amazon raked in $48 billion in 2011 from commission on this, and what i hear you saying is that amazon can charge less because they already understand companies and the businesses. >> that's exactly right. yeah, the sellers win because they have access to that critical inventory, and amazon wins baa they are able to drive additional growth without necessarily taking on invenn story -- inventory risk. gerri: is there a downside
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people should know? >> there's a key restriction with the funds, of course, and that is that the dollars need to be used to acquire inventory to sell through amazon's program, and the one challenge that retailers are going to face is that they don't always allocate a particular unit on hand a to amazon or a different selling channel. there are accounting challenges, just challenges on how to allocate the dollars for a typical seller. gerri: interesting stuff, eric, thank you. we appreciate your time today. >> thanks so much. gerri: all right. still to come, my two cents more, and taking on the big guys. how t-mobile is trying to buy its way into the top wireless carriers. should at at&t and verizon be shaking in their boots? more coming up. ♪
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gerri: two wireless carriers
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could take on verizon, at&t, and what that means for consumers coming up in two minutes.
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gerri: in focus, t-mobile and metro pcs taking op the nation's biggest wireless carrier. if approved by federal regulators, the planned merger creates a carry your with 42.5 million subscribers, and the board meets tomorrow to discuss the bid. here to break it down, what it means for consumers and the industry is john bergmyer. john, a lot of people say it's possible this would could be a d thing for consumers, making fewer options in the industry and raising prices. what's your view? >> now, normally, i wouldn't say that a merger between the number four and the number five provider in a market is good for
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consumers or competition, but i think the facts of the wireless industry are different. the key thing about the wireless industry is it's dominated by at&t and verizon making the number four provider able to compete, good for consumers, particularly when they still intend to specialize as a value carrier. gerri: that's a key thing here? when you say "value carrier," plain the service they provide. it's different than what we are used to. >> that's right. they offer lower priced plans and prepaid options and cheaper phones than at&t and verizon do. they specialize in a different part of the market. i think it would be pretty good for consumers if they are able to offer better service with spectrum, wireless towers, and everything else. there could be one or two minor things the fcc, in particular, want to look at to make sure customers are not left behind, people don't have to buy new
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equipment. legitimate concerns, but on balance, the facts of the market, this will be good for consumers. gerri: what happens to price? ultimately, does this mean they will be higher prices for consumers who want to be in the low end part of the market? >> i don't think there's any plans by t-mobile to raise prices. i'm interested to see if metro pcs has even lower prices than t-mobile. will new customers get lower prices? that i don't know. gerri: right. is there -- could there be improvement to service for people in that low end market? >> yeah, i think the new company's going to have a lot more flexibility because they have more infrastructure in order to expand their service and roll out new features like lte. gerri: john, thank you, a fascinating story, and contrary to pop pew lair wisdom what you said. great stuff. thank you for being on with us tonight. >> thank you. gerri: we'll be right back to the answer of the question of the day. who was the biggest loser in last night's debate?
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president obama, jim lehrer, or big bird? with my two cents more on how a staircase on long island is a perfect example made by mitt romney last identification. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. [ male announcer ] how do you turn an entrepreneur's dream... ♪
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producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. gerri: of a woman with a success across the border that matter romney won the debate last night is a result your posting on the facebook page. he has no idea what to say without is teleprompter. bill writes, jim lehrer was kind of out of his league. but that says, sorry. you need to make it on your own. we can't afford to keep borrowing money to support you.
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we asked on gerriwillis.com. and 6 percent said president obama. 3 percent jim lehrer, and 1% said big bird. be sure to log on to gerriwillis.com for online question every weekday. finally tonight, here's another important point. mitt romney makes the i want you to hear yet again. >> the private sector typically is able to provide a better product at a level to of lower-cost. gerri: pre simple. it turns out he was spot on. news today of a real-life example right here in new york city. an example i'm sure you can see across the country, a review by the inspector general of the metropolitan transportation authority shows how slow and inefficient government projects really are. it focused on a platform staircase at a station on long island. due to a cruise leaving early in arriving late the job was over budget by $160,000. it took six months to finish when it should have taken to. this is after the president contiue

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